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Bank Approves Sale of Questex Media

  • Folio:, Sunday, November 29, 2009 8:12 PM
A U.S. bankruptcy court in Delaware has approved the sale of Questex Media Group Holdings to a group of the company's senior lenders. The sale, Questex said, brings the company to the final step in the process of restructuring its balance sheet, claiming it expects to emerge from bankruptcy shortly.

Questex's business operations will continue as usual during the process. Questex employs roughly 400 people worldwide and owns 23 trade pubs, which include Travel Agent, and more than 150 digital media properties, in addition to trade conferences. No layoffs are planned in the restructuring, says Questex.

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